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Saudis cutting US oil prices, raising rates for Asian buyers

Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery, according…

A Better Way to Cut the Orphan Well Backlog?

Orphan oil and gas wells are idle wells with unknown or insolvent operators, according to the Interstate Oil and Gas Compact Commission (IOGCC). IOGCC data…

US President Biden Extends Sanctions against Iran

US President Joe Biden extended the sanctions regime against Iran introduced by Washington in 1995  “The actions and policies of the Iranian government continue to…

Exporting US Shale Boom Has Changed Oil Forever

(Bloomberg) — Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas….

US, Russia top energy officials discuss oil prices, agree on dialogue involving G20

The oil market has been extremely volatile since early March after OPEC+ members failed to reach an agreement on oil production cuts, and also amid…

Oil gains after U.S.-China trade deal, rise in inventories

Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of…

OPEC-US “war” will maintain oil prices at $ 60-75/bbl

In addition to the fact that the confrontation between the OPEC and the shale oil sector in the United States is the major issue in…

WSJ: ExxonMobil seeks US waiver to resume Russia oil venture

Exxon has been seeking US permission to drill with Rosneft in several areas banned by sanctions and renewed a push for approval in March.  Exxon…

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